InterBay completes £5.3m deal for higher education centre

20 May 2025

Specialist commercial lender InterBay, part of OSB Group, has helped a higher education organisation to acquire an additional teaching building in London as they seek to expand their portfolio.

Located within the West End, the 9,351sq ft building had been rented by the client for a number of years before the opportunity arose to purchase it and become the owner-occupier.

The client is an existing InterBay borrower, with four properties now financed through the lender and for this property they were looking for £5.3m on a capital interest basis. Mo Parmar, Specialist Finance Account Manager (SFAM) at InterBay, used his expert knowledge and specialist experience to structure a commercial deal over a 25-year term.

Marc Callaghan, Head of Commercial Lending, InterBay said

“Having supported Nick and the team at Fortune Finance and their client with their previous lending requirements, we understand their aspirations and their specific needs, so we were delighted to support on this addition to their portfolio. This case is another great example of how InterBay can support a wide range of owner-occupier cases within the commercial arena.”

Nick Sedgwick, Sales Director, Fortune Finance said

“We’d like to thank InterBay and their fantastic team for working in partnership with us on a significant number of purchases and remortgages of higher education campuses across the country, in what is an incredibly challenging time for universities.

InterBay is our number one choice for any commercial lending at Fortune Financial and we look forward to sharing a bright future in collaboration.”